Natural Resources Business Excellence
Define, plan and manage your subsurface business
Increase control and manageability of your oilfield
Use virtual testing to safely maximize subsurface recovery
Oil and Gas industry stakeholders and investors are requiring more insight into projects. Governments and local communities want to ensure promised benefits are realized, environmental impacts managed and safe operating conditions maintained. Oil and Gas companies are therefore seeking to improve transparency in reporting and monitoring of their operations and how they engage with their stakeholders.
Oil and Gas companies must always be forward-looking, examining existing properties for expansion and potential acquisitions to ensure they remain vital enterprises for their investors. To do so, they must be able to determine and validate the best options that will be most likely to deliver returns in accordance with their requirements.
In order to meet investor expectations, Oil and Gas producers must sustain consistent production. By doing so, they can better hold the line on costs and ensure profitability. This requires that oil well stability be maintained.
The global economy can be fickle, pushing demand and prices higher or lower. However, there are other factors at play in Oil and Gas that are also impacting availability and demand. Fracking in the United States has opened up more supply, for example, placing pressures on price and on higher cost producers. Oil and Gas companies therefore need to remain competitive by making their operations continuously more efficient.
Learn how our solutions enable you to address your challenges by becoming a more connected, more efficient and more insightful organization, from the corporate office to your sites and throughout your value chain.